As Biden preps $3T stimulus, Bitcoin could be set to erupt
Biden’s fiscal stimulus plan could send the BTC price rocketing higher. The incoming Biden administration’s plan to flood the U.S. economy with trillions of dollars could ignite the next leg of the Bitcoin (BTC) bull market, as more investors seek refuge from a crumbling United States dollar. Axios, an Arlington-based news outlet, reported Thursday that Joe Biden has asked Congress to provide Americans with $2,000 in stimulus payments to help offset the economic devastation of Covid-19. The incoming president has also proposed a $3 trillion tax and infrastructure package as part of his....
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On the heels of the last stimulus package, U.S. President Joe Biden is creating more legislation that may lead to a massive $3 trillion package dedicated to domestic needs and infrastructure. The recent discussions with Biden and Senate Democrats honed in on the political party’s “Build Back Better” campaign. The recent stimulus talks have a few economists feeling optimistic about the future of the American economy, while Treasury Secretary Janet Yellen has said: “the next stimulus bill will have to be paid for through higher tax rates.” Biden and Senate....
U.S. politicians are talking about stimulus again in order to bolster American jobs and President Joe Biden’s infrastructure plan. At the end of last week, White House press secretary Jen Psaki explained that Biden would meet with bipartisan members of Congress on Monday in order to push his proposal. According to reports, Biden’s proposed plan could be a touch smaller than the estimated $2.25 trillion. Biden Suggests Scaling Back the $2.25 Trillion ‘Build Back a Better America’ Infrastructure Proposal The U.S. government is talking about creating more stimulus in....
The outcome of the U.S. presidential election is affecting how fast Americans will receive their second stimulus checks. With Joe Biden named the president-elect, Americans are eager to know how soon they will receive the second round of direct payments. The Senate goes back into session on Monday when the stimulus discussion will be prioritized. When Second Stimulus Checks Are Coming Many Americans were hoping that a new stimulus package with the second round of stimulus checks would pass before the presidential election. Now that the election is mostly over and former vice president Joe....
While Americans are still getting their third stimulus payments, discussions of tacking on a fourth round of direct payments to Joe Biden’s trillion-dollar infrastructure proposal have started trending. Just recently, a coalition led by Senate Finance Chair Ron Wyden and over a dozen Democratic leaders wrote a letter to President Biden asking to get “much-needed relief to American families.” A Coalition of American Bureaucrats Want More Stimulus Payments Distributed Senate Finance Chair Ron Wyden and 21 Democratic senators want U.S. President Joe Biden to initiate a....
According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly. Biden Proposes to Finance Covid-19 Relief and Infrastructure With $3 Trillion Ever since the coronavirus outbreak took hold across America, politicians and members of the U.S. Federal Reserve has distributed massive amounts of dollars to special interests and Wall Street trading houses. Americans did get a....